Battery Technology Innovation/Electric Vehicles – Page 74

Dig This: The Shift To EVs Requires A Massive Expansion Of Battery Metal Mining – by Alan Ohnsman (Forbes Magazine – September 19, 2022)

September 20, 2022

https://www.forbes.com/

The ongoing transition away from fossil fuels will likely trigger shortages of some key metals used in electric vehicle batteries requiring hundreds of new mines. This is according to industry experts who expect demand for EV batteries to spike to tens of millions of units annually in the years ahead.

A projected sixfold surge in demand for lithium-ion batteries over the next decade means up to 384 additional graphite, lithium, nickel and cobalt mines may be needed by 2035 to supply all those new EVs, industry forecaster Benchmark Minerals said in a report. Even a big increase in battery recycling, as planned by companies including Redwood Materials and Li-Cycle, would only cut the number of new mines to 336, according to Benchmark.

[Luca Giacovazzi] Meet the Forrest young gun who shot down BHP – by Brad Thompson (Australian Financial Review – September 16, 2022)

September 16, 2022

https://www.afr.com/

Luca Giacovazzi is a rising star in the Andrew Forrest business empire and boss of Wyloo Metals which stared down BHP in the bidding war for green minerals deposits in Canada.

Wyloo Metals wunderkind Luca Giacovazzi has made a lot of money for Andrew Forrest since making his first big pitch to the iron ore billionaire, and he might end up costing BHP plenty.

Giacovazzi, then just 27, called his first presentation slide pack Nickel: Get its mojo back in what was a risky move given Forrest’s painful memories from his Anaconda Nickel venture.

COLUMN: Mining sector could benefit from US green legislation – by Carol Hughes (Northern Ontario Business – September 14, 2022)

September 16, 2022

https://www.northernontariobusiness.com/

The Biden Administration in the U.S. just recently passed its landmark Inflation Reduction Act, an important piece of legislation as our neighbours to the south continue to feel the pinch of inflation that has gripped the world, much like Canada.

However, one of the most important parts of this legislation, and the part that will actually be of significant interest to people across Northern Ontario is how much the administration is investing in green energy, and how this will be a significant boon to the mining industry across the region and throughout the country.

EV transition could add $48 billion to economy, but only ‘if Canada plays its cards right’ – by Gabriel Friedman (Financial Post – September 15, 2022)

September 16, 2022

https://financialpost.com/

Canada needs to invest wisely to ensure it adds valuable jobs in key supply chain areas, report says

The federal and provincial governments have committed billions of dollars in recent years to entice private-sector investments in an electric-vehicle supply chain in Canada, but a new report suggests that may just be the beginning of what’s needed to succeed.

Clean Energy Canada and the Trillium Network for Advanced Manufacturing, two think-tanks respectively based at Simon Fraser University in Vancouver and Western University in London, Ont., released a 28-page report this week that concludes the government needs to ramp up financial and policy support if Canada is to ever realize the full economic opportunities inherent in the transition to electric vehicles (EVs).

Lithium price smashes new record as supply struggles to feed EV growth – by Annie Lee (Bloomberg News – September 16, 2022)

September 16, 2022September 16, 2022

https://www.bnnbloomberg.ca/

The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable.

Lithium carbonate hit a fresh record of 500,500 yuan ($71,315) a ton in China Friday, according to data from Asian Metal Inc. Prices more than tripled in the past year, inflating the cost of batteries used in electric vehicles, with recent gains driven by strong demand and disruptions at a domestic producing hub.

Consumer support for new-energy vehicles has been gathering pace amid a global transition away from fossil fuels.

The timing is finally right for Quebec’s lithium miners – by Alisha Hiyate (Northern Miner – September 14, 2022)

September 15, 2022

https://www.northernminer.com/

Quebec, more than any other province in Canada, has been ahead of the curve in working to join the EV economy. Its vast hydroelectricity infrastructure gives it an advantage in clean, low-carbon energy that is essential to “green” manufacturing, and it has supported the nascent battery industry with significant public investment.

It was also the first to outline plans for critical minerals exploration and production as well as for the development of a complete battery supply chain in-province — from mining through processing to manufacturing.

Canada can build an electric vehicle industry worth $48B a year — but it must act now: report – by Don Pitts (CBC News Business – September 14, 2022)

September 14, 2022

https://www.cbc.ca/news/business/

Canada needs a strategy quickly in order to capitalize on payoffs in jobs and economic growth

As climate change shows its growing destructive power in floods and droughts worldwide, even strong advocates for the transition from using fossil fuels to battery-powered electric vehicles know EVs won’t be enough to fix the problem.

But as the North American auto show opens to glitz and fanfare, a new report from two reputable Canadian research groups says that Canada has a brief window to be a major player in transforming an industry worth hundreds of billions of dollars annually into something more climate friendly — and to make money doing it.

Charging up lithium mines in Canada – by Eric Niemi (Canadian Mining Journal – September 2, 2022)

September 12, 2022

https://www.canadianminingjournal.com/

The world is starting to see the beginning of a transformational phase in mining especially as it comes to lithium, a new hot commodity. While lithium has been used in some ceramics and glass, lubricating greases, continuous casting fluxes among others, its demand is growing with the rise of electric cars that use lithium-ion batteries.

In fact, electric vehicles, are now responsible for 71% of global demand for lithium, according to Natural Resources Canada. Before the battery rush over the past decade, lithium carbonate prices have been notoriously volatile. However, the winds are beginning to change in response to new demand from the green technology and automotive sectors.

The Energy Transition Could Be Derailed By A Looming Copper Shortage – by Haley Zaremba (Oil Price – September 07, 2022)

September 12, 2022

https://oilprice.com/

“Think of copper as a common carrier, so to speak, of decarbonization. It is literally the wiring that connects the present to the future,” writes Nathaniel Bullard, BloombergNEF’s Chief Content Officer.

While many of us imagine renewable energies to be just that – infinitely renewable, with no use of finite resources – the reality is that solar planes, wind turbines, energy transmission infrastructure, batteries for energy storage, and motors for your electric cars and electric bicycles all rely on metals that are not infinitely sourceable.

Standard Lithium retools operations after short seller’s attacks – by Ernest Scheyder (Yahoo Finance/Reuters – September 7, 2022)

September 12, 2022

https://ca.finance.yahoo.com/

Standard Lithium Ltd is trying to become the first new U.S. source of lithium for electric vehicle batteries in decades, a bullish target fueled in part by technical and engineering changes the company is making in response to accusations that its technology does not work.

Vancouver, British Columbia-based Standard is among a wave of companies, including mining major Rio Tinto Ltd, trying to use direct lithium extraction (DLE) technologies https://www.reuters.com/business/sustainable-business/new-lithium-technology-can-help-world-go-green-if-it-works-2022-04-07 to supply the battery metal to the EV industry.

Canada’s new oil is battery power — but Trudeau must act now – by Joanna Kyriazis and Brendan Sweeney (Toronto Star – September 10, 2022)

September 12, 2022

https://www.thestar.com/

To realize this once in a generation opportunity — with up to 250,000 jobs to be had — the federal government must launch a national battery strategy dealing with everything from our raw materials to EV assembly

Batteries are evolving. No longer just something that needs changing in your TV remote, batteries are fast becoming the engines of the global economy. In a decade’s time, chances are it won’t be gas that powers your car — it will be a battery.

The battery is the most valuable part of an EV, and by 2030, the International Energy Agency predicts we could see a hundred times more EVs on the road than there were in 2020.

The Race for US Lithium Hinges on a Fight Over a Nevada Mine – by Daniel Moore (Bloomberg News – September 5, 2022)

September 12, 2022September 12, 2022

https://www.bnnbloomberg.ca/

(Bloomberg) — The high-desert mountain pass overlooking alfalfa fields and RV parks doesn’t look like a battleground that will shape the country’s clean energy future.

But when the rock samples here are pulverized, pulled apart and mixed with chemicals, they yield a metal increasingly seen as white gold: lithium, a critical ingredient for batteries used in electric vehicles, solar energy storage, and consumer electronics.

The Drift: Temiskaming cobalt, nickel refinery will be an $800M venture – by Staff (Sudbury Mining Solutions Journal – September 9, 2022)

September 12, 2022September 12, 2022

https://www.sudburyminingsolutions.com/

Facility will produce enough battery-grade material to support manufacturing of 250,000 electric cars a year

The price tag to build a Temiskaming battery materials industrial park will be in the neighbourhood of $720 million to $850 million.

Electra Battery Materials announced the results of a scoping study this week that crunched the economic numbers of the proposed development situated between the town of Cobalt and Temiskaming Shores. The property hosts the former Yukon refinery, which is being upgraded and expanded.

Ontario’s top auto sector minister heading to Korea, Japan to drum up more EV and battery investments – by Mehanaz Yakub (Electric Autonomy Canada – September 2, 2022)

September 6, 2022

https://electricautonomy.ca/

Vic Fedeli, Ontario’s minister of economic development, job creation and trade is heading to Asia next week to meet with several key global automakers and battery manufacturers, with a goal of further building the province’s evolving auto and electric vehicle sector.

In an interview with Electric Autonomy Canada, Fedeli says the trip will begin in South Korea, where he will meet with “several prospects” to help expand Ontario’s EV supply chain. Fedeli would not name who these prospects will be, but says that the government has been meeting with them for “some months” and they are companies they “hope to land” in Ontario soon.

Pressure is on to start mining the deep sea. Is it worth it? – by Lisa Johnson (CBC News Climate – September 4, 2022)

September 6, 2022

https://www.cbc.ca/news/climate/

Vancouver-based The Metals Company wants to be 1st to mine sea floor for critical minerals

A battle is brewing over the future of the ocean floor that pits the fate of this little-known ecosystem against humanity’s demand for critical minerals — and a Vancouver company is leading the charge.

The Metals Company (TMC), formerly known as DeepGreen Metals, wants to mine potato-sized rocks known as polymetallic nodules, which contain metals in demand for electric vehicles, solar panels and more.